Pennsylvania Broker Arrested for Ponzi Scheme

Posted on June 10th, 2014 at 12:00 PM

From the Desk of Jim Eccleston at Eccleston Law Offices:

Patricia S. Miller, 67, a Pennsylvania registered broker, recently was arrested for orchestrating a massive Ponzi scheme.

Miller allegedly stole money from clients to invest in “investment clubs” called, among other things, “KS investment” and “Buckharbor”, with a promise of high return through a Massachusetts-based broker dealer, Investors Capital Corporation.

Miller representedthat funds put into her investment clubs would be placed in fixed-income notes and other investments. Instead of investing money as promised, Miller misappropriated client funds for her own personal use.

The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

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